February 6, 2023

Irish MedTech Company Medihive Receives €7 Million Investment

The business is now valued at €62 million following the investment. Medihive includes Ireland’s largest online doctor service WebDoctor.ie. The investment will be used to fuel international growth, drive R&D innovation and accelerate healthcare software developments. Medihive will recruit up to 42 key hires across sales, engineering, doctors and marketing departments, adding to the 130 people already working with the company.

David Crimmins CEO of MediHive and Katrin Pucknat President of ResMed Germany

DUBLIN, Feb. 06, 2023 (GLOBE NEWSWIRE) — Medihive, Ireland’s award-winning health technology platform, which includes Webdoctor.ie, has secured an investment from ResMed, an international leader in digital health and cloud-connected medical device innovation, as well as existing shareholders including VentureWave Capital. The investment now values the business at €62 million.

Medihive is a software company built to transform medical processes that don’t work so patients can benefit from healthcare that does work. The business provides sophisticated software and clinical solutions to the healthcare, pharmacy and insurance industries, as well as direct to consumers and corporates via www.webdoctor.ie. The company combines digital and clinical know-how to bring clients and their end users high-quality virtual care on a global scale.

The €7 million investment announced today will be used to further increase the international growth of the business, drive investment and innovation in R&D and accelerate healthcare software developments. The company currently employs 130 people and it is expected this number will now increase by a further 42 employees over the next two years.

ResMed, whose cloud-connected medical devices transform care for people with sleep apnea, COPD and other chronic diseases, enabling people to live healthier lives, has been working with Medihive since 2019 and now joins as an investor. ResMed Germany led deal negotiations on behalf of the organisation. As a result of their investment, ResMed will now take a seat on the board to work with the team to accelerate the growth of the business.

Meanwhile, existing shareholders in Medihive have invested additional capital into the business. This follows the €3 million investment in August 2021 by VentureWave Capital, the private equity firm that focuses on entrepreneurial companies that make a positive social impact, are in vital sectors and address UN Sustainable Development Goals. At the time of VentureWave Capital’s €3 million in August 2021, the business was valued at €48 million. Today’s investment now values the company at €62 million, a significant 29% increase.

Noel McSweeney, Chairman of Medihive, said: “The investment from ResMed alongside the increased support from current shareholders demonstrates our shared passion for medical technology advancement and will allow Medihive and Webdoctor.ie to further expand and develop our services while continuing to provide transformative digital healthcare solutions.”

Katrin Pucknat, President of ResMed Germany, said: “At ResMed, our mission is to change 250 million lives in 2025 in out-of-hospital care settings, and today’s announcement fits perfectly with that goal. Our work to date with Medihive has transformed the lives of our patients by making their care pathway less disjointed and allowing them to get diagnosed for sleep apnea outside of a hospital setting. ResMed places significant importance on innovation and this investment will enable both organisations to continue to be at the forefront of developments in healthcare technology. We look forward to supporting the team at Medihive as part of their board and believe this relationship will create new opportunities for us both while continuing to transform the healthcare industry.”

David Crimmins, CEO of MediHive, said: “Medihive builds solutions to deliver positive patient outcomes by removing friction from their care journeys. This investment now comes at a pivotal moment for Medihive. Over the last two and a half years, demand for our services has surged as organisations realised they can achieve better patient outcomes by blending smart health technology with their traditional health infrastructures. This investment will enable us to continue meeting this demand while also allowing us to scale and expand our services in the continually evolving telehealth market both in Ireland and internationally. It’s an exciting time for Medihive, and we’re really looking forward to working with ResMed and our current shareholders to continue to make advances and improvements in digital healthcare for patients and professionals in the industry alike.”

Alan Foy, Chairman and Managing Partner VentureWave Capital, said: “We are delighted to once again invest in Medihive alongside ResMed, a key strategic investor. As a successful Irish health technology business that’s making an impact on delivering digital health and patient outcomes, this investment demonstrates our continued support and confidence in Medihive’s business goals, global impact and strategic ambitions.”

Inspiring a world where instant, frictionless access to healthcare is the norm.

Medihive, Welcome Tomorrow.

For more information, visit www.medihive.com

Contact Information:
Breda Brown
PR Director
bredabrown@uniquemedia.ie
087 2487120

Viv Murphy
PR Senior Account Manager
vivmurphy@uniquemedia.ie
0876160846

Related Files

Authorization_Form.pdf

Image 2: Medihive

This content was issued through the press release distribution service at Newswire.com.

Attachment

David Crimmins CEO of MediHive and Katrin Pucknat President of ResMed Germany

GlobeNewswire Distribution ID 8743003

February 6, 2023

Acronis builds on partner momentum with Alex Ruslyakov named a 2023 CRN Channel Chief

Acronis #CyberFit Partner Program kicks off 2023 with new innovations to fuel rapid growth and global expansion

Alex Ruslyakov

Alex Ruslyakov named CRN Channel Chief

BURLINGTON, Mass., Feb. 06, 2023 (GLOBE NEWSWIRE) — Today, Acronis is honored to announce that CRN^®, a brand of The Channel Company, has again recognized Alex Ruslyakov on its 2023 Channel Chiefs list. Acronis’ partner programs have seen tremendous growth over the past year, and Ruslyakov’s spot on this year’s list further signifies the program’s continued momentum.

Acronis has focused heavily on improving partner services and programs over the last year. In 2022, more than 3,500 new service providers joined Acronis’ #CyberFit Partner Program – consisting of service providers, resellers, developers and ISVs, OEM, and affiliate partners. This large number of new registrants is a testament to Ruslyakov’s leadership, partner-first approach, and his team’s effectiveness in helping MSPs accelerate their business growth with robust sales, marketing, and technical support day in and day out.

This success would not be possible without team members like 16-year Acronis veteran Ruslyakov. The team’s success and growth, especially on the doorstep of Acronis’ 20^th anniversary, are undoubtedly due to his dedication and diligence in helping Acronis’ partners, and their customers, redefine and achieve success year after year.

“I am humbled to be featured in CRN’s Channel Chief’s List for the second year in a row,” Ruslyakov said. “When our partners succeed, so do we. Our mission is not only to support our partners but also to become an extended business development unit for them, leveraging our leading position in the market and extensive knowledge we’ve collected over years in selling software solutions and services.”

This year, the revised Partner Program boasts new updates including simplified requirements for partners to join the Program, extending benefits to zero-commit service providers, as well as a number of unique programs and promotions for all types of partners.

Acronis Advanced Packs promotion enables service providers to pilot a wide range of services such as advanced security, management, e-mail security, disaster recovery, and data loss prevention, and reimburse the costs for the initial 6 months of offering.

The Competitive Displacement Program helps MSPs to migrate their clients to Acronis Cyber Protect Cloud with a 100% rebate on Acronis usage until the end of the remaining contract with their current vendor.

The new Sales Development Funds (SDF) Program helps support MSPs to achieve their growth goals and objectives. The program offers joint marketing investment from Acronis in conjunction with the partner’s commitment to faster growth.

The #TeamUp Program has also seen extraordinary growth this past year with 15 new sports partnerships. Launched in February 2021, the program provides a unique opportunity for MSPs to deliver Acronis Cyber Protection Solutions to world-class sports teams. This partnership helps defend some of the world’s most famous sporting organizations. Collaboration is at the heart of Acronis’ partner programs’ rapid growth, demonstrating that community and sportsmanship are crucial to cybersecurity and IT operations at large. In 2023, Acronis looks to extend this program with smaller packaged offerings to cover a wider audience of MSPs.

Ruslyakov’s recognition on the 2023 Channel Chiefs list will be featured in the February 2023 issue of CRN Magazine and online at www.CRN.com/ChannelChiefs. Recipients were selected by the editorial staff based on their record of business innovation and dedication to the partner community. Every year, this list honors the IT channel executives who work tirelessly to advance the channel agenda and deliver successful channel partner programs and strategies. This year’s list represents the top IT executives responsible for building a robust channel ecosystem and helping their solution provider partners navigate an increasingly complex landscape of interconnected challenges and shifting industry dynamics.

To learn more about Ruslyakov’s 2023 CRN Channel Chief achievement and the latest partner program updates, check out our blog here: https://www.acronis.com/en-us/blog/posts/acronis-alex-ruslyakov-named-a-2023-crn-channel-chief

Service providers interested in learning more about the Acronis partner programs are invited to join the 2023 Acronis #CyberFit Partner Kickoff, taking place on Wednesday, February 15 at 10:00 am ET. Attendees will gain valuable insight on new integration updates and learn how to reduce workloads, gain knowledge through Acronis certifications, and receive an inside look at the latest Acronis tech roadmap. Join us to learn how 2023 can be the year of growth by forging stronger partnerships with Acronis and providing clients with world-class cyber protection.

To register for the virtual global event, please visit: https://acronis.events/event/2023-acronis-cyberfit-partner-kickoff-americas-emea/

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on premises – at a low and predictable cost.

Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 2,000 employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 16,000 service providers to protect over 750,000 businesses.

About The Channel Company

The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelcompany.com

Follow The Channel Company: Twitter, LinkedIn, and Facebook.

Acronis Media Contact:

Karl Bateson

Karl.Bateson@acronis.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e3f30e73-4e98-48ec-a28d-73f563b2008f

GlobeNewswire Distribution ID 8742688

February 6, 2023

World Youth Forum Launches Large Package of Development Initiatives and Projects

The World Youth Forum announced that this year’s sponsorship revenues will support initiatives that contribute to development and increase the quality of life for citizens. Sponsorship revenues will go to supporting entrepreneurship, food security, empowering youths, migrants, mental health and voluntarism. The projects will be implemented in cooperation with leading international organizations and with WYF National and international partners.

Dr. Rascha Ragheb, Executive Director of the World Youth Forum

CAIRO, Feb. 06, 2023 (GLOBE NEWSWIRE) — Dr. Rascha Ragheb, the executive director of the World Youth Forum, announced that the fifth edition of the WYF will not be launched in its traditional annual format due to the recent successive global crises and their humanitarian and economic repercussions.

Instead, the proceeds from sponsorship revenues will be directed towards implementing a large package of development initiatives and programs that have a direct impact on citizens and young people, both in Egypt and the world, in cooperation with the forum’s international and national partners.

The initiatives include:

An initiative for supporting small and medium-sized enterprises and helping entrepreneurs start or expand their businesses, especially in villages. This is in cooperation with the Ebda initiative for the development of Egyptian industry, the Haya Karima Foundation, the Federation of Egyptian Industries, Entlaq Company, the UN Industrial Development Organization, the UN Development Program, and the International Labour Organization.
The ‘Learning to Earning’ initiative aims to qualify Egyptian, Arab, African, and expatriate youth for the labour market and help them overcome obstacles and obtain decent jobs. The initiative will be implemented in cooperation with the UN Children’s Fund and the National Training Academy.
A program to tackle the challenges of food security and develop the capacities of farmers and food industries in Egypt and Africa. Participants include the Ebda initiative, the National Alliance for Civil Development Work, the Haya Karima Foundation, and the UN Food and Agriculture Organization.
A mental health support program for the victims of conflict zones, in cooperation with the Fahim Foundation and the World Health Organization.
An international initiative to support and empower refugees and migrants and enhance their integration into educational, healthcare, and social protection programs through cooperation with the UN High Commissioner for Refugees in Egypt, the International Organization for Migration, Save the Children, and the International Committee of the Red Cross.
The World Youth Forum Platform for Volunteers will qualify volunteers to participate in charitable work that targets in-need and conflict-stricken countries. The initiative will also implement many exchange programs for volunteers between different countries in cooperation with the Haya Karima Foundation, the National Alliance for Civil Development Work, the Arab Voluntary Union, and UN Volunteers.

About the WYF

The WYF is an annual international forum that takes place in the City of Sharm El-Sheikh in South Sinai, under the auspices of H.E. President Abdel-Fattah El-Sisi, president of Egypt. Four editions of the WYF were held in 2017, 2018, 2019 and 2021. For more information, visit https://wyfegypt.com/

Contact Information:
Eman Salem
press@30n.org
+201026611329

This content was issued through the press release distribution service at Newswire.com.

Attachment

Dr. Rascha Ragheb, Executive Director of the World Youth Forum

GlobeNewswire Distribution ID 8743515

February 6, 2023

Fortinet Unveils New ASIC to Accelerate the Convergence of Networking and Security Across Every Network Edge

Fifth-generation security processing unit (FortiSP5) delivers unparalleled levels of power-efficient performance to open new frontiers for securing the branch, campus, 5G, edge compute, operational technologies, and more

Fortinet Custom ASIC FortiSP5

Fortinet Unveils New ASIC to Accelerate the Convergence of Networking and Security Across Every Network Edge

SUNNYVALE, Calif., Feb. 06, 2023 (GLOBE NEWSWIRE) —

Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet
“With the introduction of FortiSP5, Fortinet once again sets new industry records for performance, cost, and energy efficiency. As the only cybersecurity vendor leveraging purpose-built ASICs, an over 20-year investment in innovation, Fortinet delivers the secure computing power that will support the next generation of secure infrastructure.”

News Summary
Fortinet^® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced FortiSP5, the latest breakthrough in ASIC technology from Fortinet, propelling major leaps forward in securing distributed network edges. Building on over 20 years of ASIC investment and innovation from Fortinet, FortiSP5 delivers significant secure computing power advantages over traditional CPU and network ASICs, lower cost and power consumption, the ability to enable new secure infrastructure across branch, campus, 5G, edge compute, operational technologies, and more.

Unparalleled Innovation in Custom Chip Performance
With an application-specific design and embedded multi-core processors to accelerate the convergence of networking and security functions, FortiSP5 delivers:

17x faster firewall performance compared to leading standard CPUs.
3.5x faster next-generation firewall (NGFW) performance compared to leading standard CPUs to handle higher levels of traffic inspection to detect and block threats.
32x faster encryption to protect sensitive data and secure virtual private networks.
2.5 Gbps of SSL deep inspection to deliver the processing power needed to inspect encrypted traffic for malware without performance issues.
Secure boot to allow only approved operating system software to boot up, protecting critical infrastructure against malicious tampering.
Volumetric DDoS protection to thwart distributed denial-of-service (DDoS) attacks.
VXLAN/GRE hardware-accelerated encapsulation to enable secure interconnectivity for distributed networks.
Hardware-accelerated Quality of Service (QoS) to enhance user experience with dedicated QoS for sensitive applications such as videoconferencing.

Significant Cost and Energy Savings
As a fifth-generation 7-nanometer chip, FortiSP5 packs more capabilities in a smaller form factor to deliver:

88% less power consumption compared to the leading industry-standard CPU
Industry-leading performance per watt
Industry-leading price-performance

Supporting More Applications to Enable Important Customer Use Cases
With the ability to accelerate and concurrently run 2x more applications—for example, NGFW, zero-trust network access (ZTNA), SD-WAN, and SSL inspection—compared to the previous generation, FortiSP5 will support use cases such as:

Branch/Campus: FortiSP5 ensures the transition to SD-Branch is efficient and cost-effective in a small form factor, enabling IT staff to simplify management and reduce OpEx while increasing network uptime. Additionally, as more organizations embrace the cloud and hybrid work model, FortiSP5 will continue to be a driver for Secure SD-WAN to empower customers to securely and seamlessly access applications anywhere while delivering consistent user experience with an optimized platform.
Edge Compute: As edge computing improves efficiency and cost control through processing close to the edge, FortiSP5 supports high-speed networks and security threat protection for both commercial and operational technology (OT) environments, minimizing bottlenecks for traffic movement.
Operational Technology: The convergence of IT and OT has opened the infrastructure to increased security risks that can disrupt operations. FortiSP5 enables scalable convergence, securing both OT and IT infrastructures with a single, high-performance platform.
5G: 5G adoption is on the rise in enterprise networks, fueling innovation at the edge as it provides higher bandwidth and lower latency. FortiSP5 enables a seamless transition to support 5G with an optimized and sustainable platform.

Proven System on a Chip Technology
FortiSP5 will power the next generation of entry and mid-range FortiGate firewalls being released later this year. Now on its fifth generation, we believe Fortinet’s proprietary system on a chip technology has a proven track record of powering the industry’s top-performing products and solutions. A few examples include:

Fortinet has been named a Leader in the 2022 Gartner® Magic Quadrant for Network Firewalls,¹ marking the thirteenth time Fortinet has been recognized in this Magic Quadrant.
A recent Forrester study² highlighted that customers deploying Fortinet’s Secure SD-WAN solution, which is backed by FortiGate and SOC technology, achieved a 300% return on investment over 3 years with a payback period of only 8 months.

Fortinet Supports Sustainability Goals
The energy efficiency and performance per watt of FortiSP5 and the products that leverage the chip will help organizations reduce their power and space requirements. Fortinet remains committed to sustainable product innovation to ensure each generation of its products consumes less energy and is built sustainably.

Fortinet FortiSP5

FortiSP5, the latest breakthrough in ASIC technology from Fortinet, propelling major leaps forward in securing distributed network edges.

Today, Fortinet’s Sunnyvale headquarters is a net-zero emissions facility and plans for global operations to be completely carbon neutral by 2030. Fortinet was recently named to the 2022 Dow Jones Sustainability World and North America Indices as one of the top sustainable companies in the world, highlighting Fortinet’s commitment to achieving a sustainable society.

Supporting Quote:
“Enterprise applications and the users and devices that access them are more distributed than ever, which is causing organizations to rethink their edge network and security architectures. A key to enabling enterprise edge networking is having strong security without compromising on network performance and user experience. Fortinet has a 20-year history in ASIC technology that helps achieve these goals, and the company’s newest FortiSP5 continues that legacy. Fortinet’s portfolio of converged network and security solutions with custom chips helps enterprises accelerate their edge network and security transformation.”
– Brandon Butler, Research Manager, Enterprise Networks at IDC

Additional Resources

Learn more about Fortinet’s custom ASIC technology.
Learn about Fortinet’s free cybersecurity training, which includes broad cyber awareness and product training. As part of the Fortinet Training Advancement Agenda (TAA), the Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification, Academic Partner, and Education Outreach programs.
Read about how Fortinet customers are securing their organizations.
Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube.

^¹Gartner, Magic Quadrant for Network Firewalls, Rajpreet Kaur, Adam Hils, Tom Lintemuth, 19 December 2022.

² “The Total Economic Impact Of Fortinet Secure SD-WAN”, a commissioned study conducted by Forrester Consulting on behalf of Fortinet, December 2022.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-O

Copyright © 2023 Fortinet, Inc. All rights reserved. The symbols ® and denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

Media Contact:	Investor Contact:	Analyst Contact:
Michelle Zimmermann Fortinet, Inc. 408-235-7700 pr@fortinet.com	Peter Salkowski Fortinet, Inc. 408-331-4595 psalkowski@fortinet.com	Brian Greenberg Fortinet, Inc. 408-235-7700 analystrelations@fortinet.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/b9673851-40d7-43bf-ac10-84e91e9ae8dc

https://www.globenewswire.com/NewsRoom/AttachmentNg/120eb83a-9e03-414d-a5f8-d9037789e343

GlobeNewswire Distribution ID 8743172

February 6, 2023

Bombardier CEO Éric Martel Evolves Leadership Team Structure as Part of Forward-Looking Growth Strategy, Building on Company Momentum

Jean-Christophe Gallagher appointed Executive Vice President, Aircraft Sales and Bombardier Defense
Paul Sislian appointed Executive Vice President of Bombardier Aftermarket Services & Strategy
David Murray appointed Executive Vice President, Manufacturing, IT and Bombardier Operational Excellence System
Eric Filion joins Bombardier to the newly created role of Executive Vice President, Programs and Supply Chain
Michel Ouellette will lead Engineering and Product Development until planned retirement later in 2023, following a 33-year, successful career

MONTREAL, Feb. 06, 2023 (GLOBE NEWSWIRE) — Bombardier today announced a leadership team evolution that will focus on carrying forward the company’s positive momentum toward executing long-term growth and optimization strategies in the key areas of defense, services, continuous product improvement and next-generation manufacturing practices.

“Bombardier has successfully embarked on its journey as a company focused on its world-class business jet portfolio. As we continue to meet or exceed targets, it is the right time to thoughtfully reshape key leadership functions to ensure the solid foundation we have set fully carries our momentum well into the future,” said Éric Martel, President and CEO, Bombardier. “Our leadership team members are talented and have delivered on commitments time and again these past years, and this new alignment will further build upon the foundations they have successfully set for Bombardier.”

As part the leadership structure evolution, the following alignments and appointments will take effect on February 20, and all other existing Bombardier leadership team members will continue in their roles:

Jean-Christophe Gallagher is appointed Executive Vice President, Aircraft Sales & Bombardier Defense. Gallagher will lead all aspects of Bombardier’s growing defense business as its product offering and customer base expand. Gallagher will also oversee the talented Sales team led by Peter Likoray, Senior Vice President, New Aircraft Sales. Under Peter’s leadership, Bombardier has grown its backlog and built local roots across the world. Peter will continue to deepen his and his team’s passion for crafting unique experiences for Bombardier customers as they match their discerning needs to the company’s exceptional portfolio.

Paul Sislian is appointed Executive Vice President, Bombardier Aftermarket Services & Strategy. Having spent 15 years optimizing and leading Bombardier’s business jet manufacturing facilities and processes, Sislian will now carry forward and accelerate the division’s strategic growth journey that saw Bombardier inaugurate four newly built or expanded maintenance facilities around the world in 2022.

All aerostructures, assembly and completions activities will be led by David Murray, who will add these responsibilities to his current mandates and is appointed to the role of Executive Vice President, Manufacturing, IT and Bombardier Operational Excellence System (BOE). The alignment of these three functions will enable a new focus on availing teams of next-generation digital technologies to further enhance Bombardier core processes.

Éric Filion is appointed to the new role of Executive Vice President, Programs and Supply Chain. In this capacity, Filion will oversee all Bombardier supplier relationships and lead continuous, competitive improvement efforts for all in-production Bombardier aircraft. Filion previously held operations and program leadership positions at Bombardier, including oversight of the Challenger aircraft production facility. Most recently he served as Executive Vice President, Chief Operating and Customer Experience Officer for Hydro-Québec. Filion will join Bombardier on February 20, 2023.

Finally, Michel Ouellette will lead Engineering and Product Development as the group’s Executive Vice President. After a 33-year career at Bombardier that culminated in the successful certification of the Global 7500 jet and subsequent launch of the performance-leading Global 8000 flagship aircraft, Ouellette is set to retire at the end of June 2023.

“Michel’s contributions to Bombardier can certainly be enumerated at great length, and their positive and lasting impact on our people, our products and our company is simply immeasurable,” said Martel. “On behalf of everyone at Bombardier whose lives Michel has touched, I want to sincerely thank him for his leadership and passion—and wish him all the best in his next chapter. I also look forward to continuing collaborating in the months ahead, as we press forward with exciting projects.”

About Bombardier
Bombardier (BBD-B.TO) is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in government and military special-mission roles leveraging Bombardier Defense’s proven expertise.

Headquartered in Greater Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and Australia.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with Sustainable Aviation Fuel (SAF) utilizing the Book and Claim system visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Global, Global 7500, Global 8000 and Challenger are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

For Information
Mark Masluch
Bombardier
+1-514-855-7167

GlobeNewswire Distribution ID 8743397